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Financial System Soundness in the Caribbean: An Initial Assessment

  • Desiree Cherebin
  • DeLisle Worrell
  • Tracy Polius
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    A survey of the financial systems of Caribbean countries reveals systems dominated by banks, with services widely available. Jamaica is the only country to have experienced a financial crisis. The paper describes recent improvements in the regulatory framework, and examines factors, which affect the soundness of the financial system, using both intuitive and econometric methodologies. The study identifies regulatory improvements that are needed, as well as additional data and analysis required to complete the assessment, which revealed no new threats to the financial system.

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    Paper provided by International Monetary Fund in its series IMF Working Papers with number 01/123.

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    Length: 37
    Date of creation: 01 Aug 2001
    Date of revision:
    Handle: RePEc:imf:imfwpa:01/123
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    1. Paul Louis Ceriel Hilbers & Alfredo Mario Leone & Mahinder Singh Gill & Owen Evens, 2000. "Macroprudential Indicators of Financial System Soundness," IMF Occasional Papers 192, International Monetary Fund.
    2. Reinhart, Carmen & Calvo, Guillermo, 2000. "When Capital Inflows Come to a Sudden Stop: Consequences and Policy Options," MPRA Paper 6982, University Library of Munich, Germany.
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